Nine Reasons Why You Should Absolutely Not Own Gold
As the mainstream press becomes more aware of gold’s decade long advance, the chorus of reasons for not owning gold seems to become louder ever day. What if the conventional thinkers are correct? Is gold an over [...]
Americans Stubbornly Deny All Time High In Personal Income
American workers should be celebrating the latest numbers from the U.S. Department of Commerce that show personal income at all time highs. Since taking a rather sharp dip during the recession of 2008-2009, personal income has soared [...]
Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly
Fed Sees Solution In Zero Rates The Federal Reserve recently vowed to keep interest rates “exceptionally low” for the foreseeable future in an attempt to revive the economy. Since mid 2006 the Fed has brought the [...]
Feds Finally Move To Restrict Excessive Bank Compensation And Risk
Bailout Funds Go To Bank Bonuses Banks that lost billions of dollars on speculative investments and poor loans have routinely been awarding thousands of employees massive bonus payments. Ironically, the only reason many of these banks are [...]
Greenspan Revisionist Babble
Debt Is The Greenspan Legacy Alan Greenspan, former Federal Reserve Chairman, today expressed his concern about the level of the US national debt. Sept. 16 (Bloomberg) – Former Federal Reserve Chairman Alan Greenspan said he’s worried that [...]
Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As [...]
“Liar Loans” – RIP – October 1, 2009
Liar Loans To Be Prohibited No income verification and stated income mortgage loans have been available to borrowers for many years. As originally conceived, a no income verification loan was a sound product, offering highly qualified [...]
Mortgage Refinances Drop 11% As Rates Remain Low
Refinances Decline as Rates Stabilize The latest weekly survey from the Mortgage Bankers Association showed a decrease of 6.3% in mortgage loan applications. Application volume compared to the previous year increased by 16%. The interesting aspect of [...]
The Fed’s Contribution To Ponzi Schemes
12% Returns – “Guaranteed” You don’t know whether to laugh or cry every time another Ponzi scheme comes to light. July 28 (Bloomberg) — The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi [...]
